According to The Insight Partners study on “High Speed Camera Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component, Resolution, Frame Rate, and Application,” the market is estimated to account US$ 302.56 Mn in 2018 and is expected to grow at a CAGR of 7.26% during the forecast period 2019 – 2027, to account for US$ 550.36 Mn by 2027.
Strategic Insights
Report Coverage
Details
Market Size Value in
US$ 302.56 Million in 2018
Market Size Value by
US$ 550.36 Million by 2027
Growth rate
CAGR of 7.2% from 2019-2027
Forecast Period
2019-2027
Base Year
2019
No. of Pages
226
No. Tables
110
No. of Charts & Figures
94
Historical data available
Yes
Segments covered
Component; by Resolution, by Frame Rate, and Application
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Country scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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High Speed camera are used for shooting slow motion videos. The camera takes thousands of burst images and compile them to create a smooth video. They are used to analyze events in slow motion and capture the effects which are invisible to naked eye. Advancements in high-speed sensor technology have presented the possibility for the creation of high-speed cameras. The more substantial resolution capacities mean a sharper image with less noise is possible, which can increase user’s abilities to see aspects of an event that were not visible prior. The high-speed camera allows events too quick to see with the human eye to be analyzed and captured. To meet the demands of customers, along with several critical applications of high-speed cameras, had led to the development of high-speed digital imaging technologies since 1989.
The US government has taken various initiatives for supporting manufacturing sector in the country. This includes programs such as Manufacturing USA, Advanced Manufacturing Technology Consortia, Foresight, Hollings Manufacturing Extension Partnership, Investing in Manufacturing Communities Partnership, Materials Genome Initiative, National Export Initiative, Sustainable Manufacturing Clearinghouse etc. These initiatives provide various benefits to the manufacturing companies located in the region. The government of Canada has taken various measures to promote and attract investments in its automobile manufacturing industry. For instance, Automobile Innovation Fund Program, Jobs and Prosperity Fund, Automotive Supplier Innovation Program and Investing in Business Growth and Productivity, among others. Also, the country is in free trade agreement with EU thus, attracting automotive component manufactures. This would further accelerate the growth of automotive component industry in the region. Innovation and technological advancements are the keystone of the U.S. economy. This presents significant opportunity to major systems or component manufacturers and suppliers. Further, the integration of sensors, add-ons onto a commercial vehicle along with technology is a major factor driving high speed camera in North America.
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘High Speed Camera Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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Increase In Resolution Is Going to Offer Higher Frame Rate in Even Higher Resolution
In recent times, high-speed cameras are available in a variety of resolutions. Usually, the resolutions are between 1 – 5 megapixels (MP). Higher resolutions are necessary when the field of view of the high-speed camera is vast, or when a least spatial resolution is expected because of a lot of granular details in the high-speed event that needs to be studied. It is universal that the greater the resolution of the camera, the weaker the maximum frame rate. With a 5 MP camera, the camera has five times more pixels to process than with a 1 MP camera. Therefore, it is not viable to achieve the same frame rates with a higher resolution camera as with a lower resolution camera. With the advancement n image sensor and image processor processing power, in the future it is possible to achieve the same frame rate of a 1 MP camera with a 5 MP camera. Thus, over the forecast period from 2019 – 2027, the advancement in technology is going to offer greater frame rate in higher resolutions.
High Speed Camera Market: Application
Based on application, the high-speed camera market is bifurcated into automotive & transportation, industrial manufacturing, food & beverages, consumer electronics, media & entertainment, sports, healthcare and others. High speed cameras are significantly used in almost every industry for various applications. These systems provide powerful way of automatic quality assurance and high speed operations. The high speed cameras are majorly used in the automotive sector and the manufacturing sector. They act as useful tools in manufacturing based purposes as well as transportation and logistics services.
High Speed Camera Market: Competitive Landscape and Key Developments
AOS Technologies AG, Fastec Imaging, Integrated Design Tools, Mikrotron GmbH, NAC Image Technology, NEC Corporation, Optronics GmbH, PCO AG, Photron, and Vision Research are among the key players in the global High Speed Camera market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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2019: NEC Corporation developed a high-speed-camera object recognition in collaboration with partners, comprising Ishikawa Senoo Laboratory, The University of Tokyo, and Graduate School of Information Science and Technology. This camera uses artificial intelligence (AI) to instantaneously review large numbers of images captured by high-speed cameras operating at speeds of 1,000 frames per second.
2019: AOS Technologies released New Imaging Studio v4 with the features such as, Support M-VIT cameras, OSD Logo support, Auto download functionality, Resolution resizing function for Movie Export, Global Erase Buffer mode, and many others.
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